It Figures

$750,000

The proposed reduced limit on coastal insurance available from the North Carolina Beach Plan under legislation designed to address the over-exposure and under-funding of this state-backed plan. The limit is now $1 million.

$85 Million

The final — and early — payment made by workers’ compensation insurer BrickStreet Mutual on a $200 million loan from the state of West Virginia. Lawmakers provided BrickStreet the loan in 2006 to help underwrite startup costs. The company was given 10 years to repay.

$150 Million

The decrease in workers’ compensation premiums in West Virginia since the state opened the market to competition in July, 2008. That’s a drop in overall premiums of 30.3 percent. In addition, 154 insurers are writing workers compensation in the voluntary market.

290

The number of landowners in West Virginia’s flood-prone Dunloup Creek area being offered buyouts by the federal Natural Resources Conservation Service and the Dunloup Creek Watershed Association. If everyone accepts the offer, the cost could come to roughly $14 million. Landowners have until Sept. 1 to decide.

$173 Million

The amount of unclaimed property Florida returned to citizens for the most recent fiscal year — the largest amount in state history, according to CFO Alex Sink and her Bureau of Unclaimed Property. The state has 8.8 million accounts, mostly from dormant accounts in financial institutions, insurance benefits, premium refunds, uncashed checks and trust accounts, as well as items from abandoned safe deposit boxes.

5

The number of people working on Independence Day fireworks shows who were killed by explosions, four of them by a single blast that rocked Ocracoke, a village on North Carolina’s Outer Banks. The fifth died after an explosion at a fireworks show in Pennsylvania, police said. The blast at Ocracoke came as workers were unloading fireworks from a truck.

Topics Workers' Compensation Virginia West Virginia